5-10.2-11-20. Investment in Private Equity Partnership
Sec. 20. This chapter does not apply directly to private equity funds. However, the board shall ensure that reasonable efforts are made during the due diligence process before an investment is made in a private equity partnership to determine whether any investments by the private equity general partner on behalf of the private equity partnership […]
5-10.2-11-21. Report to General Assembly
Sec. 21. (a) On or before November 1, 2017, and thereafter as directed by the legislative council, the board shall submit a report in an electronic format under IC 5-14-6 to the executive director of the legislative services agency for distribution to the members of the general assembly. (b) The report must include at least […]
5-10.2-11-22. Expiration of Chapter
Sec. 22. This chapter expires on the earliest of the following: (1) Twelve (12) months after the date on which boycott, divest from, or sanction Israel activity ceases. (2) The date on which the United States government revokes any sanctions imposed on persons engaged in boycott, divest from, or sanction Israel activity. (3) The date […]
5-10.2-11-7. “Fund”
Sec. 7. As used in this chapter, “fund” refers to the following: (1) The Indiana state teachers’ retirement fund. (2) The public employees’ retirement fund. As added by P.L.177-2016, SEC.1.
5-10.2-11-8. “Indirect Holdings”
Sec. 8. As used in this chapter, “indirect holdings” means all securities of a business: (1) held in an account or a fund; and (2) managed by one (1) or more persons not employed by the system, in which the system owns shares or interests on behalf of a fund together with other investors not […]
5-10.2-11-9. “Research Firm”
Sec. 9. As used in this chapter, “research firm” means a reputable, neutral third party research firm not controlled by the system. As added by P.L.177-2016, SEC.1.
5-10.2-11-10. “Restricted Business”
Sec. 10. As used in this chapter, “restricted business” means a business that engages in boycott, divest from, or sanction Israel activity. As added by P.L.177-2016, SEC.1.
5-10.2-11-11. “System”
Sec. 11. As used in this chapter, “system” refers to the Indiana public retirement system established by IC 5-10.5-2-1. As added by P.L.177-2016, SEC.1.
5-10.2-11-12. Identification of Restricted Businesses
Sec. 12. (a) Not later than January 31, 2017, the board shall make a good faith effort to identify all restricted businesses in which a fund has direct or indirect holdings. (b) In carrying out its responsibilities under subsection (a), and at the board’s discretion, the board may use existing research or contract with a […]
5-10.2-11-13. Identification of Holdings
Sec. 13. After the board creates or updates the restricted business list under section 12 of this chapter, the board shall immediately identify the businesses on the restricted business list in which a fund has direct or indirect holdings. As added by P.L.177-2016, SEC.1.